13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001000742
申報總市值
US$2.0億
US$2.0億
117 檔
18.7%
截至 Q1 2026 季度末，Sandler Capital Management 的美股持倉估值約為 US$2.0億，全數申報部位共有 117 檔。
在 Q1 2026，Sandler Capital Management 展現出較為審慎的避險與獲利了結姿態。本季共減碼 52 個部位並完全清倉 61 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Sandler Capital Management 的前 5 大持股（包含 TSM, KEYS, TKO）貢獻了組合市值的 18.7%，形成該機構在 Q1 2026 季度的基本面基石。
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 6.06% | -4.74% | -18.91% | |
| 2 | KEYS | Keysight Technologies In | 股票-科技 | 4.84% | -0.54% | -33.27% | |
| 3 | TKO | Tko Group Holdings Inc | 股票-通訊服務 | 3.38% | -1.98% | -28.71% | |
| 4 | MSGS | Madison Square Garden Sports | 股票-通訊服務 | 2.72% | -0.47% | -17.49% | |
| 5 | EGP | Eastgroup Properties Inc | 股票-房地產 | 2.47% | -0.37% | +6.40% | |
| 6 | PLD | Prologis Inc | 股票-房地產 | 2.28% | -0.45% | -27.23% | |
| 7 | MSGE | Madison Square Garden Entert | 股票-其他 | 2.19% | -0.67% | +20.00% | |
| 8 | MS | Morgan Stanley | 股票-金融 | 2.13% | -2.13% | EXIT | |
| 9 | CRWV | Coreweave Inc-cl A | 股票-科技 | 1.96% | -1.96% | EXIT | |
| 10 | XYZ | Block Inc | 股票-金融 | 1.87% | -1.87% | EXIT | |
| 11 | MRVL | Marvell Technology Inc | 股票-科技 | 1.76% | -1.35% | — | |
| 12 | CLH | Clean Harbors Inc | 股票-工業 | 1.64% | -0.31% | — | |
| 13 | HNGE | Hinge Health Inc-a | 股票-其他 | 1.59% | +0.04% | +58.91% | |
| 14 | DGX | Quest Diagnostics Inc | 股票-醫療保健 | 1.52% | -0.16% | — | |
| 15 | RL | Ralph Lauren CORP | 股票-循環性消費 | 1.45% | -0.77% | +16.59% | |
| 16 | AVY | Avery Dennison CORP | 股票-循環性消費 | 1.41% | -0.63% | -58.85% | |
| 17 | GLW | Corning Inc | 股票-科技 | 1.41% | -0.99% | -89.38% | |
| 18 | FOR | Forestar Group Inc | 股票-其他 | 1.40% | -0.16% | +5.33% | |
| 19 | ROKU | Roku Inc | 股票-通訊服務 | 1.33% | +1.87% | — | |
| 20 | AAPL | Apple Inc | 股票-科技 | 1.27% | -1.08% | -56.99% | |
| 21 | ARES | Ares Management CORP - A | 股票-金融 | 1.27% | -1.27% | EXIT | |
| 22 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 1.24% | +0.13% | -62.25% | |
| 23 | ADI | Analog Devices Inc | 股票-科技 | 1.21% | -0.41% | — | |
| 24 | DHR | Danaher CORP | 股票-醫療保健 | 1.20% | -0.85% | -14.34% | |
| 25 | LHX | L3harris Technologies Inc | 股票-工業 | 1.18% | -0.48% | -8.49% | |
| 26 | AME | Ametek Inc | 股票-工業 | 1.14% | +0.37% | — | |
| 27 | HUBB | Hubbell Inc | 股票-工業 | 1.10% | -0.54% | +185.86% | |
| 28 | TDY | Teledyne Technologies Inc | 股票-科技 | 1.07% | -0.10% | -29.81% | |
| 29 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.03% | -0.43% | +0.88% | |
| 30 | HON | Honeywell International Inc | 股票-工業 | 0.98% | -0.98% | EXIT | |
| 31 | RTX | Rtx CORP | 股票-工業 | 0.97% | +0.16% | -68.22% | |
| 32 | WAB | Wabtec CORP | 股票-工業 | 0.96% | -0.96% | EXIT | |
| 33 | HD | Home Depot Inc | 股票-循環性消費 | 0.96% | -0.37% | — | |
| 34 | CHYM | Chime Financial Inc-cl A | 股票-其他 | 0.94% | +0.14% | +94.20% | |
| 35 | BA | Boeing Co/the | 股票-工業 | 0.88% | -0.88% | EXIT | |
| 36 | TRMB | Trimble Inc | 股票-科技 | 0.87% | -0.47% | -17.84% | |
| 37 | FDX | Fedex CORP | 股票-工業 | 0.87% | -0.87% | EXIT | |
| 38 | LMT | Lockheed Martin CORP | 股票-工業 | 0.87% | -0.87% | EXIT | |
| 39 | FLEX | Flex Ltd. | 股票-科技 | 0.86% | -0.86% | EXIT | |
| 40 | WWD | Woodward Inc | 股票-工業 | 0.86% | -0.06% | +45.67% | |
| 41 | TER | Teradyne Inc | 股票-科技 | 0.85% | -0.24% | -9.80% | |
| 42 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.83% | +0.31% | -39.97% | |
| 43 | MTSI | Macom Technology Solutions H | 股票-科技 | 0.79% | -0.14% | — | |
| 44 | NOK | Nokia Corp-spon Adr | 股票-科技 | 0.75% | -0.35% | — | |
| 45 | EQIX | Equinix Inc | 股票-房地產 | 0.74% | +0.18% | — | |
| 46 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.74% | -0.74% | EXIT | |
| 47 | LIN | Linde plc | 股票-原物料 | 0.73% | -0.28% | — | |
| 48 | UPST | Upstart Holdings Inc | 股票-金融 | 0.69% | +0.40% | +7.44% | |
| 49 | ✓ | Cantor Equity Partners Ii In | 股票-其他 | 0.68% | -0.23% | — | |
| 50 | RBC | RBC Bearings Inc | 股票-工業 | 0.68% | +0.28% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +1.8% | -18.91% | 減碼 |
| 2 | KEYS | Keysight Technologies In | +1.5% | -33.27% | 減碼 |
| 3 | MSGE | Madison Square Garden Entert | +1.1% | +20.00% | 加碼 |
| 4 | EGP | Eastgroup Properties Inc | +1.1% | +6.40% | 加碼 |
| 5 | MSGS | Madison Square Garden Sports | +1% | -17.49% | 減碼 |
| 6 | MS | Morgan Stanley | +1% | +28.87% | 加碼 |
| 7 | HUBB | Hubbell Inc | +0.9% | +185.86% | 加碼 |
| 8 | HNGE | Hinge Health Inc-a | +0.8% | +58.91% | 加碼 |
| 9 | RL | Ralph Lauren CORP | +0.6% | +16.59% | 加碼 |
| 10 | WWD | Woodward Inc | +0.6% | +45.67% | 加碼 |
| 11 | FOR | Forestar Group Inc | +0.6% | +5.33% | 加碼 |
| 12 | CHYM | Chime Financial Inc-cl A | +0.5% | +94.20% | 加碼 |
| 13 | LHX | L3harris Technologies Inc | +0.5% | -8.49% | 減碼 |
| 14 | TER | Teradyne Inc | +0.5% | -9.80% | 減碼 |
| 15 | AMRZ | Amrize Ltd | +0.4% | +97.96% | 加碼 |
| 16 | PLD | Prologis Inc | +0.4% | -27.23% | 減碼 |
| 17 | XLV | Ss Health Care Select Sector | +0.3% | +72.57% | 加碼 |
| 18 | TKO | Tko Group Holdings Inc | +0.3% | -28.71% | 減碼 |
| 19 | LLY | Eli Lilly & Co | +0.3% | +0.88% | 加碼 |
| 20 | TDY | Teledyne Technologies Inc | +0.3% | -29.81% | 減碼 |
| 21 | SHOP | Shopify Inc - Class A | +0.2% | +47.53% | 加碼 |
| 22 | IDXX | Idexx Laboratories Inc | +0.2% | +26.61% | 加碼 |
| 23 | NVT | nVent Electric plc | +0.2% | -16.09% | 減碼 |
| 24 | TECH | Bio-techne CORP | +0.2% | +16.14% | 加碼 |
| 25 | CW | Curtiss-wright CORP | +0.2% | -22.48% | 減碼 |
| 26 | DHR | Danaher CORP | +0.1% | -14.34% | 減碼 |
| 27 | VLTO | Veralto CORP | +0.1% | -7.18% | 減碼 |
| 28 | COST | Costco Wholesale CORP | +0.1% | -34.53% | 減碼 |
| 29 | LION | Lionsgate Studios CORP | +0.1% | -31.41% | 減碼 |
| 30 | CAT | Caterpillar Inc | +0.1% | -32.89% | 減碼 |
| 31 | TRMB | Trimble Inc | +0.1% | -17.84% | 減碼 |
| 32 | CTOS | Custom Truck One Source Inc | +0.1% | -34.18% | 減碼 |
| 33 | NOC | Northrop Grumman CORP | +0.1% | -31.54% | 減碼 |
| 34 | MIR | Mirion Technologies Inc | +0.1% | +24.93% | 加碼 |
| 35 | SOFI | Sofi Technologies Inc | 0% | +9.09% | 加碼 |
| 36 | ETN | Eaton Corporation plc | 0% | -41.27% | 減碼 |
| 37 | AER | AerCap Holdings N.V. | 0% | -30.47% | 減碼 |
| 38 | STLD | Steel Dynamics Inc | 0% | -39.68% | 減碼 |
| 39 | SPXC | Spx Technologies Inc | 0% | -35.07% | 減碼 |
| 40 | UPST | Upstart Holdings Inc | — | +7.44% | 加碼 |
| 41 | COHR | Coherent CORP | 0% | -52.20% | 減碼 |
| 42 | HON | Honeywell International Inc | 0% | -46.65% | 減碼 |
| 43 | GOGO | Gogo Inc | 0% | -34.25% | 減碼 |
| 44 | SBUX | Starbucks CORP | 0% | -44.59% | 減碼 |
| 45 | VMI | Valmont Industries | -0.1% | -47.02% | 減碼 |
| 46 | LEU | Centrus Energy Corp-class A | -0.1% | -45.59% | 減碼 |
| 47 | AMZN | Amazon.com Inc | -0.1% | -39.97% | 減碼 |
| 48 | ROK | Rockwell Automation Inc | -0.1% | -50.92% | 減碼 |
| 49 | A | Agilent Technologies Inc | -0.2% | -39.86% | 減碼 |
| 50 | SXT | Sensient Technologies CORP | -0.2% | -48.86% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Sandler Capital Management 在 Q1 2026 季度的美股持倉總市值約為 US$2.0億，共申報了 117 個公開持股部位。
在 Q1 2026 季度，Sandler Capital Management 按市值排列的前三大核心持股分別為：TSM (6.1%)、KEYS (4.8%)、TKO (3.4%)。其中最大持股部位 TSM 佔據整體投資組合約 6.1% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
CRWV
市值: US$378.8萬
本季最大獲利了結 / 清倉標的
C
前期市值: US$525.1萬
在 Q1 2026 季度中，Sandler Capital Management 共進行了 178 項持倉異動，包含新建倉 47 個部位、加碼 18 個部位、減碼 52 個部位以及清倉 61 個部位。 其中最大新建倉標的為 CRWV。 本季清倉部位包含 C。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。